ICYMI: $9B+ in Aave TVL is now secured by Flashbots-enabled SVR price feeds.
With 0 bad debt accrued during the (unusually volatile) trial period :)
Chainlink
Following a successful initial pilot, the @aave DAO has officially voted with unanimous approval to expand its use of Chainlink SVR to cover additional markets.
This increases SVR market coverage on Aave from ~3% to ~27% of the protocol's TVL on Ethereum.
SVR is a novel oracle solution that allows Aave to securely recapture oracle-related liquidation MEV, with the recaptured value split between Aave and Chainlink.
During the pilot period, SVR operated without issue, successfully liquidating at-risk positions while ensuring zero bad-debt accrual for the Aave protocol.
SVR-activated markets on Aave now include:
Aave v3 Ethereum Core: AAVE, cbBTC, eBTC, LBTC, LINK, tBTC, & WBTC
Aave v3 Ethereum Prime: ezETH, rsETH, USDC, WETH, & wstETH
This expansion reflects a risk-adjusted approach to increasing Aave's usage of SVR, with the ultimate goal of having all Aave markets on Ethereum covered by SVR.
Just use Chainlink.
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eylon ☯️🐲
To clarify “the token is the product” is stupid. The token is a layer on top of the product, not a substitute for one.
If the underlying product doesn’t work, no amount of tokenomics will save it. Launching a token before there’s anything real is either a fast track to getting wrecked, or a clear signal that you’re just here to extract.
We’ve seen it cycle after cycle: pre-product tokens lead to fake traction, inflated metrics, and short-term games. None of it lasts.
The only real exception I can think of is @aave and that is a rare case. @StaniKulechov built through the bear, shipped like crazy, and turned an ICO into actual utility. But that’s the exception, not the rule.
No good product starts with a token. The token comes after you’ve built something people want.
eylon ☯️🐲
We used to have petty scammers, but this cycle they became a well oiled and institutionalized machine.
They run VC funds, say stupid shit like “the token is the product”, and run 'market makers' that sell pump and dumps.
The worst part is that they’re loved on CT.
But there's hope! I’m bullish on two seemingly opposite forces fighting back
🌑 The Dark Side: led by @0xCircusLover, the Milady version of zackXBT. Calling out puppet CEOs, shady VCs, and grift companies. Also, fire memes and takes
“GTA 6 will come out before Celestia makes 7 figures in revenue.”
🌕 The Light Side — led by @ivangbi_, the Lobster leader of legit builders in the space, those who are trying to solve real problems.
In a recent post (Below) he says the industry has split. Narrative-driven grift machines, vs teams quietly building actual products and real businesses.
The old model of pump token and juice metrics is done, users have had enough. The market will reward this new concept for crypto: fundamentals.
“Build something useful first. Token later."
Bullish
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Arthur and reposted
Marc “Billy” Zeller 👻 🦇🔊
The only effective way to safeguard users from data breaches is to refrain from collecting and storing data.
Aave is a 40 billion dollar protocol that has no idea of who you are.
Just use Aave.
Coinbase 🛡️
Cyber criminals bribed and recruited rogue overseas support agents to pull personal data on <1% of Coinbase MTUs. No passwords, private keys, or funds were exposed. Prime accounts are untouched. We will reimburse impacted customers. More here:
14.6K
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Gary
Holding $GARY has been more profitable than any major coin this year!
$GARY YTD = +538%
Majors:
$BTC YTD = +8.34%
$SOL YTD = -11.93%
$XRP YTD = +6.46%
$BNB YTD = -7.66%
$ADA YTD = -16.09%
$SUI YTD = -12.91%
$DOGE YTD = -30.21%
$ETH YTD = -23.75%
SOL Top MC Coins:
$LINK YTD = -24.09%
$AAVE YTD = -28.90%
$BONK YTD = -25.75%
$JUP YTD = -40.92%
$FARTCOIN YTD = +31.63%
$VIRTUAL YTD = -58.28%
$WIF YTD = -43.17%
$RAY YTD = -32.35%
$PENGU YTD = -65.31%
NO COIN has outperformed $GARY YTD
82.84K
69
Whale Alert
🚨 🚨 🚨 🚨 🚨 100,000,000 #USDT (100,047,387 USD) transferred from #Aave to #HTX
44.23K
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AAVE price performance in USD
The current price of AAVE is $217.60. Since 00:00 UTC, AAVE has decreased by -5.22%. It currently has a circulating supply of 15,115,518 AAVE and a maximum supply of 16,000,000 AAVE, giving it a fully diluted market cap of $3.30B. At present, the AAVE coin holds the 30 position in market cap rankings. The AAVE/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
The AAVE team introduced the AAVE Protocol to the market in 2020, marking a significant milestone as it enabled users to leverage actual cash on the platform. Before this, the idea of borrowing and lending cryptocurrencies appeared unconventional. Since its inception, the AAVE protocol has revolutionized the decentralized finance (DeFi) ecosystem. AAVE is one of the most renowned lending protocols within the DeFi space. But what precisely is the AAVE protocol, and what factors contributed to its widespread acclaim?
What is AAVE?
AAVE, formerly known as ETHLend, is a prominent decentralized money market protocol that facilitates the lending and borrowing of crypto assets. The protocol operates through a native token called AAVE, which serves as a governance token, empowering the community to shape the protocol's trajectory collectively.
Within the AAVE protocol, lenders can generate income by supplying liquidity to the market, while borrowers can collateralize their crypto assets to secure loans from the available liquidity pools. AAVE supports decentralized and non-custodial lending, allowing users to earn interest on their holdings and borrow various crypto assets. The protocol operates fully decentralized and incorporates a governance mechanism that relies on the AAVE token.
The AAVE Team
AAVE was initially founded in 2017 by Stani Kulechov under the name ETHLend. Kulechov's original vision was to create a platform that connected borrowers with lenders in a peer-to-peer (P2P) fashion. However, faced with various challenges, Kulechov shifted the approach to a peer-to-contract model, ultimately transforming ETHLend into AAVE.
How does AAVE work?
AAVE allows users to deposit their assets into a liquidity pool, earning interest in proportion to their contributions. Individuals can obtain a loan by providing collateral as an asset on the borrowing side. If the loan cannot be repaid, the protocol can liquidate the collateral to cover the outstanding debt.
Collateralized loans
Collateralized loans AAVE offers overcollateralized loans, requiring borrowers to deposit crypto assets worth more than the amount they wish to borrow. This ensures lenders are protected from potential loan defaults and allows the AAVE protocol to liquidate the collateral if its value significantly declines.
Flash loans
The AAVE protocol also enables flash loans, allowing users to borrow any amount of money from the protocol's capital without providing collateral. However, it is essential to note that the loan must be repaid almost immediately within the same transaction block.
AAVE’s native token: AAVE
When you deposit funds into AAVE, you receive an equivalent amount of tokens. These tokens are crucial to the network as they allow you to earn interest through lending activities.
Tokenomics
The AAVE ecosystem consists of a total of 16 million AAVE tokens, with 14.393 million tokens currently in circulation. It's important to note that 3 million tokens from the total supply are allocated to the founding team. These tokens play a significant role in supporting the development and growth of the AAVE protocol.
AAVE use cases
AAVE has multiple use cases within the DeFi protocol. Firstly, it is widely used for staking and governance, allowing token holders to participate actively in the decision-making process and contribute to the development of the protocol.
Additionally, AAVE plays a crucial role in facilitating lending and borrowing services offered by the protocol. Users can borrow funds against their collateral, participate in collateral swaps, and even utilize flash loans for quick and efficient transactions.
AAVE Distribution
The distribution of AAVE tokens is as follows:
30 percent of the tokens were set aside for the core development of the DeFi protocol.
20 percent of the tokens were allocated for developing a user-friendly interface, ensuring a smooth user experience.
20 percent of the tokens were allocated for management and legal costs of maintaining the protocol.
20 percent of the tokens were used for promotions and marketing activities to increase awareness and adoption.
10 percent of the tokens are reserved for covering overhead costs related to the operation of the AAVE ecosystem.
What the future holds for AAVE
The future looks promising for AAVE and its token holders, as the protocol has set ambitious goals for its ecosystem. With a clear vision and strategic plans, AAVE is poised to maintain its position as a leading protocol for borrowing and lending in the crypto industry.
However, it is important to note that the rapidly evolving crypto ecosystem regularly introduces new innovations and competition. The AAVE team must stay agile and prepared to navigate the challenges posed by emerging projects to sustain their success.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 5.2K new posts about AAVE, driven by 3.4K contributors, and total online engagement reached 2.4M social interactions. The sentiment score for AAVE currently stands at 82%. Compared to all cryptocurrencies, post volume for AAVE currently ranks at 757. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of AAVE.
Powered by LunarCrush
Posts
5,211
Contributors
3,352
Interactions
2,354,877
Sentiment
82%
Volume rank
#757
X
Posts
3,649
Interactions
1,153,060
Sentiment
75%
AAVE FAQ
What is AAVE used for?
AAVE is a decentralized crypto lending platform that facilitates the borrowing and lending of digital assets. AAVE automates the lending process using smart contracts, making it efficient and secure. The protocol focuses on overcollateralized loans, where borrowers must deposit more crypto assets as collateral than the amount they wish to borrow.
How is AAVE different from Compound?
AAVE differs from Compound (COMP) in several ways. AAVE provides flash loans, enabling consumers to borrow assets without security for a brief duration. On the other hand, COMP does not provide flash loans. Additionally, AAVE offers a decentralized governance mechanism where token holders may vote on modifications to the platform.
Where can I buy AAVE?
Easily buy AAVE tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include AAVE/BTC, AAVE/USDT, and AAVE/USDC. Users are also able to purchase AAVE with a choice of over 90 fiat currencies via the “Express buy” option.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into AAVE, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 AAVE worth today?
Currently, one AAVE is worth $217.60. For answers and insight into AAVE's price action, you're in the right place. Explore the latest AAVE charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as AAVE, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as AAVE have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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